Category: Bank of England

UK firms plan price rises as confidence falls to lowest level since Truss budget

BCC survey shows growing concern over planned employer tax rises with 55% of companies planning to hike pricesMore than half of British companies are planning price rises in the next three months, according to research that...

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City regulators to start oversight of tech firms that provide ‘critical’ services to UK

New powers come amid concerns that cyber-attacks and outages could put the country’s financial stability at riskCity regulators will begin cracking down in the new year on tech firms providing “critical”...

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UK inflation hits eight-month high, adding to pressure to hold interest rates

Annual rate increases to 2.6% in November, driven by rising cost of groceries and hike in tobacco duty in budgetBusiness live – latest updatesUK inflation has risen to its highest level in eight months, adding to pressure...

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Reeves tells City regulator to encourage more risk-taking in financial sector

New remit given to FCA by chancellor raises fears of a weakening of rules meant to avert another financial crisisThe financial regulator has been ordered to encourage more risk-taking across the City, raising concerns that the...

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UK economy grew by 0.1% in third quarter of 2024, says ONS

First quarter under Labour government shows services and manufacturing slowed in run-up to budgetBusiness live – latest updatesThe UK economy grew by 0.1% in the third quarter of the year, down from 0.5% in the second...

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UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likelyBusiness live – latest updatesUK government borrowing costs have risen to their highest level...

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UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves

Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leewayAnalysis: Sharp inflation drop gives green light to more aggressive rate cutsBusiness live – latest updatesInflation in...

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